New York City » 11215 » 5th St » 588 5th St

588 5th Street, Brooklyn, NY 11215 - Property report

Also known as: 588 5th St

Property image for 588 5th Street, Brooklyn, NY 11215

Property type

Two Family Brick (B1)

Year built

1901

Lot sq. ft.

2,000

Sale price

$3,400,000

General information

Address

Primary address

588 5th Street

ZIP code

11215

Neighborhood

Park Slope

Borough

Brooklyn

Block & lot

01085-0025

Building

Property type

Two Family Brick (B1)

Building sq. ft.

3,744

Building dimensions

20 ft x 50 ft

Buildings on lot

Stories

Year built

1901

Building material

Brick

Exterior wall

Brick/Masonary

Basement

Sales

Sale date

07/15/2016

Sale price

$3,400,000

Tax

Tax year

2026-2027

Property tax

$14,103

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

5 Street (narrow)

Nearest wide street

Prospect Park West

Distance to wide street

Lot dimensions

20 ft x 100 ft

Lot sq. ft.

2,000

Area overview

Walk score

81 /100. Very Walkable

Transit score

100 /100. Rider's Paradise

Bike score

87 /100. Very Bikeable

School district

Community district

Closest police station

0.92 Miles

Closest fire station

0.31 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 588 5th Street, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 588 5th Street, Brooklyn, NY 11215

Sale date	Sale price	Buyer name	Seller name
07/15/2016	$3,400,000	XXXX, XXXXXXXX	XXXXX, XXXX X XXX XXXXXXX, XXXXXXX X
07/06/2011	$2,500,000	XXXXX, XXXX X XXX XXXXXXX, XXXXXXX X	XXXXXX XX XXXXXXXXX X XXXXXXXX XXX XXXXXXXX XXXXXXX, XX-XXXXXXXX XXX XXXXXXX XXXXXXXX, XX-XXXXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
10/14/2022 - R 09/22/2022 - D	Mortgage (2022101300874001)	XXXX XXXXXXXX	XXXXXXXX XXXX XX
08/22/2016 - R 08/05/2016 - D	Satisfaction of Mortgage (2016080401027001)	XXXXX XXXX X	XX XXXXXXX XXXXXXXX XXX
08/19/2016 - R 08/02/2016 - D	Satisfaction of Mortgage (2016080200228001)	XXXXX XXXX X	XXXXX XXXXX XXXX XX
07/26/2016 - R 07/15/2016 - D	Mortgage (2016071900469004)	XXXX XXXXXXXX	XXXX
07/26/2016 - R 07/15/2016 - D	Deed (2016071900469003)	XXXXX XXXX X	XXXX XXXXXXXX
07/26/2016 - R 07/06/2016 - D	Power of Attorney (2016071900469002)	XXXXX XXXX X	XXXX XXXXX X
07/26/2016 - R 07/05/2016 - D	Power of Attorney (2016071900469001)	XXXXXXX XXXXXXX X	XXXX XXXXX X
08/16/2012 - R 07/12/2012 - D	Assignment, Mortgage (2012071300065001)	XX XXXXXXX XXXXXXXX XXX	XXXXX XXXXX XXXX X X
09/26/2011 - R 09/06/2011 - D	Release of Estate Tax Lien (2011091300847001)	XXXXXX XX XXXXXXXXX X XXXXXXXX
09/02/2011 - R 08/03/2011 - D	Release of Estate Tax Lien (2011081700423001)	XXXXXXXX XXXXXXXXX X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 588 5th Street, Brooklyn, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax

Tax year

2025-2026

Property tax

$14,103

Municipal exemptions

Recent tax assessments

Market value

$5,229,000

Assessed value

$313,740

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year	Market value	Assessed value	Taxable amount	Tax rate	Base tax	Property tax	Y-o-Y change
2025/26	$3,977,000	$238,620	$67,074	19.843%	$13,309	$13,309	-1.20%
2024/25	$3,946,000	$236,760	$67,073	20.085%	$13,472	$13,472	+0.81%
2023/24	$4,606,000	$276,360	$66,536	20.085%	$13,364	$13,364	+4.83%
2022/23	$4,283,000	$256,980	$62,772	20.309%	$12,748	$12,748	+7.83%
2021/22	$4,697,000	$281,820	$59,227	19.963%	$11,823	$11,823	+0.51%
2020/21	$4,752,000	$285,120	$55,895	21.045%	$11,763	$11,763	-0.57%
2019/20	$5,255,000	$315,300	$55,894	21.167%	$11,831	$11,831	+2.00%
2018/19	$5,044,000	$302,640	$55,447	20.919%	$11,599	$11,599	+8.77%
2017/18	$4,724,000	$283,440	$52,310	20.385%	$10,663	$10,663	+8.07%
2016/17	$3,919,000	$235,140	$49,356	19.991%	$9,867	$9,867	+8.33%

Permits

Permit information for 588 5th Street, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
08/05/2016	Alteration type 2
08/05/2016	Alteration type 2
11/01/2011	Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Park Slope residential market stats

Access a detailed real estate market overview of Park Slope so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Park Slope and compare it to other neighborhoods in Brooklyn.

Median sale price

$1,619,646

12.4% Y-o-Y

Median price/sq. ft.

$1,514

6.4% Y-o-Y

Brooklyn median sale price

$899,000

6% Y-o-Y

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

8th Ave & 9th St at NE Corner

Station lines

Distance (miles)

0.187

View subway map

Access the detailed traffic volume map for 588 5th Street, Brooklyn, NY 11215 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Schools

Nearest elementary schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
P.S. 39 Henry Bristow	9	Yes	Public	K-5	344	0.37
Saint Saviour Catholic Academy	NR	No	Private	PK, K-8	370	0.11
Saint Saviour Catholic Academy	NR	No	Private	PK, K-8	370	0.11
Poly Prep Lower School	NR	No	Private	PK-4	240	0.20
Poly Prep Lower School	NR	No	Private	PK-4	240	0.20
Poly Prep Lower School	NR	No	Private		0	0.21
P.S. 321 William Penn	9	No	Public	K-5	1,216	0.33
P.S. 107 John W Kimball	8	No	Public	PK, K-5	501	0.40
P.S. 107 John W Kimball	8	No	Public	PK, K-5	501	0.40

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Saint Saviour Catholic Academy	NR	No	Private	PK, K-8	370	0.11
Park Slope Collegiate	4	No	Public	6-12	577	0.19
Poly Prep Lower School	NR	No	Private		0	0.21
Berkeley Carroll Elementary School	NR	No	Private	PK-12	940	0.47
St Francis Xavier School	NR	No	Private	PK-8	175	0.49
Ms 51 William Alexander	7	No	Public	6-8	1,026	0.56
Berkeley Carroll School	NR	No	Private	PK-12	977	0.58
Is 340	7	No	Public	6-8	150	0.70
Ms 266 Park Place Community Middle School	4	No	Public	6-8	69	0.79
P.S. 77	NR	No	Public	K-12	304	0.79

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
St Saviour High School	NR	No	Private	9-12	400	0.06
John Jay School for Law	3	No	Public	9-12	461	0.19
Park Slope Collegiate	4	No	Public	6-12	577	0.19
Millennium Brooklyn High School	10	No	Public	9-12	721	0.19
Cyberarts Studio Academy	2	No	Public	9-12	298	0.19
Poly Prep Lower School	NR	No	Private		0	0.21
Berkeley Carroll Elementary School	NR	No	Private	PK-12	940	0.47
Berkeley Carroll School	NR	No	Private	PK-12	977	0.58
Clara Barton High School	2	No	Public	9-12	1,178	0.76
High School For Global Citizenship	4	No	Public	9-12	221	0.78

Frequently asked questions

What is the year built for 588 5th Street, Brooklyn, NY 11215?

The development at 588 5th Street, Brooklyn, NY 11215 was built in 1901.

What is the total square footage of 588 5th Street, Brooklyn, NY 11215?

588 5th Street, Brooklyn, NY 11215 has a total of 3,744 square feet.

When was 588 5th Street, Brooklyn, NY 11215 last sold and what was the sale price?

588 5th Street, Brooklyn, NY 11215 was last sold on 07/15/2016 for $3,400,000.

What is the assessed value of 588 5th Street, Brooklyn, NY 11215?

588 5th Street, Brooklyn, NY 11215 is currently assessed at $313,740.

What are the property taxes for 588 5th Street, Brooklyn, NY 11215?

The property taxes for 588 5th Street, Brooklyn, NY 11215 total $14,102.

How many residential units does this building have?

This building has 2 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.